59
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18 Mea Lane
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2026 | Listed by RE/MAX Homeland Realtors | $3,600,000 | |
| Listed by RE/MAX Homeland Realtors | |||
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Completed in May of 2025, this 1 year young Custom 6 Bedroom, 7 Bath home on double lot is the gem of LBI's South Side and comes fully furnished! Generating over $200k/year in rental income, there is no home on the island that was better conceived than Bayview Manor. The outdoor living area featuring 27'x12' heated saltwater pool, full covered outdoor kitchen with TV and 35' putting green make this home the perfect space to relax with loved ones or entertain 50 friends! The full turfed yard makes walking barefoot a breeze! When the rain rolls in, the fun begins! Inside the home you will find entertainment at every corner, from the boardwalk style arcade room, to the Skytrak Golf Simulator, to the whole house smart audio system with professional karaoke application!
Relax in the rooftop hot tub and enjoy the famous sunsets of LBI with full Bay View! The home features 6 generously sized bedrooms, 3 en-suite baths, 1 jack and jill bath and 1 additional full bath, large outdoor shower plus 2 half baths. Not an expense was spared in the finishes of the home from the oak wood floors, to the oversized Quartz Kitchen Island to the Viking Appliance package, to the 3 stop elevator with 8' ceiling, this home leaves literally nothing to be desired. Built for the builder's own family, quality and craftsmanship were at the forefront. Custom farmhouse molding adorn the windows and doors, while accents of shiplap and board and batten add just the right amount of detail to warm up this large home. Located on one of the narrowest parts of the isalnd, the home sits just 14 houses to the beach and only 9 to the bay giving you the best of both worlds. Need a calmer place for the kids or grandkids to enjoy the Atlantic? Bayview park and beach is just 3 blocks away with designated swim area and full playground. There is truly no replacement of experiencing this one of a kind home for yourself. This is the home you will pass on for generations!
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| Nov 28, 2025 | Price Decreased |
$3,750,000
↓ $100K
(2.6%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$3,850,000
↓ $40K
(1%) | |
| Price Decreased | |||
| Oct 28, 2025 | Price Decreased |
$3,890,000
↓ $5K
(0.1%) | |
| Price Decreased | |||
| Oct 25, 2025 | Price Increased |
$3,895,000
↑ $4M
(389,499,900%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017